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  • November 24, 2014
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  1. Business - Companies - ENERGY

    Towngas to spin-off business 'when time is ripe': CEO Peter Wong

    Posted Oct 21st 2013, 03:56am by Anita Lam

    ... to spin off HK supply business Hong Kong and China Gas, known as Towngas, will spin off its Hong Kong gas-distribution business into a separately listed company when the time is ripe, according ... business generates the bulk of its income. Earnings before interest, taxes, depreciation, and amortisation (ebitda), fell 1.3 per cent to HK$4.1 billion last year. That compares with a 9.8 per cent ...

  2. Air-quality proposals 'bad for business'

    Posted Jul 24th 2009, 12:00am by Anita Lam, Olga Wong

    ... zones, the government's consultant says. But the proposals have already encountered strong opposition from drivers and shop owners, who say such measures could affect business. According ... Leung Wai-bun, who owns four Euro III standard cargo vans, said he would have to close his business if his entire fleet was banned in the busiest districts. 'More than half of the industry ...

  3. Minimum wage commission to exclude unions, business chambers

    Posted Jan 22nd 2009, 12:00am by Anita Lam

    ... Anita Lam Members of unions and business chambers are unlikely to sit on a new commission that will set a rate for a minimum wage, a source familiar with the situation says. ... with social standing. Obviously candidates fitting such descriptions would have had political, union or business backgrounds.' But Federation of Hong Kong Industry vice-chairman Stanley Lau ...

  4. Lantau businesses out to profit from delta bridge

    Posted Oct 02nd 2008, 12:00am by Anita Lam

    ... Anita Lam Major businesses and tourist attractions on Lantau are forming a coalition to seek ways of grabbing the biggest possible economic benefit for the island from the Hong ... the qualities to become a hub of economic activity, given its geographical proximity to the airport, a cross-border bridge and access to the Central business area in just 20 minutes.' ...

  5. Told to tap mainland market, businesses ask for more support

    Posted Jun 16th 2008, 12:00am by Anita Lam

    ... Anita Lam Hong Kong businesses should seek to tap the mainland market and consider moving to less-developed areas in the face of surging costs in the Pearl River Delta, a government official said. But an executive member of the Chinese Manufacturers' Association of Hong Kong said the government should offer businesses more assistance, perhaps by opening another office ...

  6. Business is back on the boil again

    Posted Dec 21st 2005, 12:00am by Anita Lam

    ... Anita Lam Business might have been bad during the WTO conference, but most traders say it has revived quickly now the talks have ended. 'One night, we had only one table of customers ... for the past week, but business had returned to 80 per cent of the usual level yesterday.' The Causeway Centre Best Food Square in Wan Chai, visited by government officials yesterday, said ...

  7. DAB setting its sights on business recruits

    Posted Sep 28th 2005, 12:00am by Anita Lam

    ... Anita Lam The pro-government Democratic Alliance for the Betterment and Progress of Hong Kong has mounted a $500,000 campaign to attract more professional and business people to its ranks. But the party has rejected suggestions it wants to compete with the business-based Liberal Party. The DAB wants to double its membership from the 1,800 recorded early this year. It says it is well ...

  8. Business - China Business - SURVEYS

    Brain drain fears as 3 in 10 want to quit Hong Kong

    Posted Dec 10th 2013, 02:56am by Anita Lam

    ... by accounting body CPA Australia also found that about half of these respondents' employers- which include multinationals and listed companies- might relocate their businesses to places ... regions, 21 per cent said they might move their businesses across the border, while a further 20 per cent said they planned to move to Singapore. However, 22 per cent, who have businesses ...

  9. Business - China Business - EARNINGS

    China Cosco to sell assets as it piles up more losses

    Posted Oct 31st 2013, 02:57am by Anita Lam

    ... of the year- China Cosco's container and dry-bulk business must not lose more than 1.67 billion yuan in the fourth quarter if the company is to return to the black this year. A firm that reports ... it generated 7 per cent less in revenue than a year ago, reflecting a falling freight rate. The volume of its dry-bulk business fell 9.5 per cent during the same period. As traders and shipping lines ...

  10. Business - Economy - SHIPPING

    Tenth Hong Kong container terminal, costing HK$100b, may not be financially viable, consultants say

    Posted Dec 02nd 2013, 05:23am by Anita Lam

    ... modest growth expected in the cargo business for the decade from 2020, it says the government should make better use of the 100,000 hectares of land at the Kwai Chung Container Terminal in Tsing Yi in the short-term. The government first considered building the proposed new terminal, known as CT10, about 10 years ago. But that was when the cargo business was growing by an average ...




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